Richmont Mines Provides a Status Update on an Expansion Case Preliminary Economic Assessment for the Island Gold Mine -
"Richmont Mines Inc. (RIC) (NYSE MKT: RIC) ("Richmont" or the "Corporation"), is providing a status update on an expansion case Preliminary Economic Assessment (the "Expansion Case PEA") currently underway for the Island Gold Mine located in northern Ontario, Canada . The Expansion Case PEA is expected to be released in the first half of 2017 in order to incorporate the 2016 year-end Resource estimates and will consider a potential ore mining and mill processing rate increase to 1,100 tonnes per day beginning in 2018, with minimal capital investment being required." More - 11/01/16 | Item |